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Asian markets conclude Friday’s trade in red

08 Nov 2013 Evaluate

All the Asian markets concluded Friday’s trade in red as signs of strength in the US economy increased expectations that the Federal Reserve could start to roll back its stimulus earlier than expected. Investors are also eyeing the coming political meeting that will start in China this weekend - the so-called Third Plenum - where the new leadership is expected to provide an outline for economic policy for the next decade. China’s exports rose much faster than forecast in October after a surprise dip the previous month. Exports rose 5.6% from a year earlier, compared to a 0.3% drop in September. National Bureau of Statistics of China reported that Chinese Trade Balance fell to 0.00B, from 15.20B in the preceding month.

Indonesia’s central bank estimates that the economy will grow 5.7% this year, in line with its target of 5.5%-5.9%. The country posted 5.6% annual growth in the third quarter, the weakest in nearly four years, pulled down by weak exports and a slowdown in domestic demand. In October, annual inflation eased to 8.32%, but prices edged up 0.09% from the previous month. Department of Statistics Malaysia stated that Malaysian Trade Balance rose to 8.70B, from 7.10B in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2106.13

-23.27

-1.09

Hang Seng

22744.39

-136.64

-0.60

Jakarta Composite

4476.72

-9.39

-0.21

KLSE Composite

1804.48

-2.13

-0.12

Nikkei 225

14086.80

-141.64

-1.00

Straits Times

3177.25

-24.85

-0.78

KOSPI Composite

1984.87

-19.17

-0.96

Taiwan Weighted

8229.59

-54.12

-0.65

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